BNP Paribas Financial Markets Has $751,000 Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

BNP Paribas Financial Markets increased its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 69.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,438 shares of the company’s stock after buying an additional 14,093 shares during the quarter. BNP Paribas Financial Markets’ holdings in Atlas Energy Solutions were worth $751,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in shares of Atlas Energy Solutions by 575.2% during the 1st quarter. California State Teachers Retirement System now owns 19,784 shares of the company’s stock worth $448,000 after purchasing an additional 16,854 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Atlas Energy Solutions by 60.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,786 shares of the company’s stock valued at $434,000 after buying an additional 8,195 shares during the period. First Horizon Advisors Inc. raised its position in shares of Atlas Energy Solutions by 313.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after buying an additional 1,308 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Atlas Energy Solutions by 58.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 530,197 shares of the company’s stock worth $10,567,000 after acquiring an additional 195,772 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Atlas Energy Solutions during the 2nd quarter worth approximately $74,000. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Down 1.9 %

NYSE:AESI opened at $22.79 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a one year low of $15.55 and a one year high of $24.93. The firm’s 50 day simple moving average is $21.41 and its 200 day simple moving average is $21.03. The company has a market cap of $2.51 billion, a PE ratio of 28.84, a P/E/G ratio of 11.31 and a beta of 0.95.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). The business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business’s revenue for the quarter was up 93.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, research analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.21%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 121.52%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AESI. Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $21.00 in a report on Thursday, November 7th. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Finally, Barclays downgraded shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.44.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total value of $184,190.79. Following the transaction, the insider now directly owns 934,746 shares of the company’s stock, valued at approximately $20,087,691.54. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.50, for a total transaction of $205,000.00. Following the sale, the insider now directly owns 542,010 shares of the company’s stock, valued at approximately $11,111,205. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 60,869 shares of company stock worth $1,187,983 and sold 119,642 shares worth $2,650,185. 24.34% of the stock is owned by corporate insiders.

Atlas Energy Solutions Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.